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The following table shows the average life expectancies in several countries. Assume that all premiums you calculate are based on end - of - month

The following table shows the average life expectancies in several countries. Assume that all premiums you calculate are based on end-of-month deposits in a fund yielding 4.8% annual interest compounded monthly to be paid out when a person reaches the life expectancy. HINT [See Example 2.]

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